AT&T Lines Up $9.2 Billion to Pay for Spectrum
Jan 22, 2015, 8:59 AM by Eric M. Zeman
AT&T has padded its balance sheet with cash as the AWS-3 spectrum auction winds down. The company has lined up loans and credit facilities totaling $9.2 billion. The company also made billions of dollars of bonds available to investors late last year. Verizon is weighing whether or not to sell some of its landline assets in select markets to help pay for the new spectrum, though it hasn't made a final determination. Bids for the AWS-3 auction have reached about $45 billion and AT&T and Verizon Wireless are likely leading the bids.
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